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    10865 Preston Rd Frisco, TX 75033

    • Commercial real estate
    • 3,567 SF
    • 2.61 lot acres
    For Lease
    View listing
    Value Estimations
    $670,000
    Cap Rate Potential
    9.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US82-9109431
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Frisco Yoga and Wellness Studio / Gym

    Property Details for 10865 Preston Rd

    Year built
    2002
    Lot size
    2.61 lot acres
    Property size
    3,567 SF
    Property type
    Commercial real estate
    APN
    R-10516-00A-0010-1
    APU
    R1051600A00101

    Description

    Preston Plaza, located at 10865 Preston Rd in Frisco, Texas (zip code 75033), offers exceptional office space in Collin County. This brand-new, single-story building, completed in 2024, boasts a total of 9,180 square feet across three suites. Currently, the entire building is available for lease, providing a unique opportunity for a single tenant or multiple tenants seeking contiguous space. The minimum divisible space is 2,100 square feet, while the maximum contiguous space available is 4,480 square feet. This flexible layout caters to a variety of business needs and sizes. The property is classified as Traditional Office space and is part of a larger retail, office, and land development. Its prime location in Frisco, Texas offers excellent access to major transportation routes and a thriving business community. The building's modern design and construction ensure a high-quality, efficient workspace. With its immediate availability and versatile space options, Preston Plaza presents an exceptional opportunity for businesses seeking a new, modern office location in a rapidly growing area. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $755,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $699,000
      Market price range: $134k - $699k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000
      Current use
      OFFICE BUILDING
      $630,000
      Change: +44% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.804
    Latitude
    33.167
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $39,796
    $1,815,581
    $445,997
    $2,261,578
    -
    $1,815,581
    $445,997
    $2,261,578

    Comparable in this City

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      1.08 Acres

      All Stars Ave

      Land • 1.08 Acres
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    • Value Estimation
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      John W Elliott Dr

      COMMERCIAL (GENERAL) • 3.70 Acres
      John W Elliott Dr, Frisco, TX 75033
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    • Value Estimation
      $450,000
      2.22 Acres

      4810 Main St

      COMMERCIAL (GENERAL) • 2.22 Acres
      4810 Main St, Frisco, TX 75033-3773
      View Details
    • Value Estimation
      $1,020,000
      83,470 SF

      16000 Peyton Abbey Rd

      COMMERCIAL (GENERAL) • 83,470 SF
      16000 Peyton Abbey Rd, Frisco, TX 75033-0827
      View Details
    • Value Estimation
      $615,000
      5,235 SF

      13192 Dallas Pkwy Ste, Unit 610

      COMMERCIAL CONDOMINUIM • 5,235 SF
      13192 Dallas Pkwy Ste, Frisco, TX 75033-4248
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      2.94 Acres

      Prime Frisco Commercial Land

      2.94 Acres, Preston Rd Frontage
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      6.70 Acres

      Frisco Commercial Land - 6.7 Acres

      Prime Frisco location, 6.7 acres, excellent access.
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      6.80 Acres

      Frisco Land: Eldorado & Preston

      6.8 Acres, Prime Frisco Location. C-1 Zoning.
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    • Contact for pricing
      6.11 Acres

      Frisco Land: Prime Retail Opportunity

      6.11 Acres, C-1 Zoning, Retail Corridor
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      74,600 SF

      AIP Frisco: Flex Warehouse Suites

      Modern Frisco Flex Space, 2,600-2,900 SF
      10400 Frisco St, Frisco, TX 75033
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    • Contact for pricing
      9,180 SF

      Preston Plaza: Frisco Office Space

      New Frisco Office Building, 9,180 SF Available
      10865 Preston Rd, Frisco, TX 75033
      View Details
    • $680,940
      1,404 SF

      Professional Office Suite in Frisco

      Corner office suite with upscale finishes and efficient floor plan.
      9191 Kyser Way, Frisco, TX 75033
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    • Contact for pricing

      Land for Lease in Frisco

      Land available for lease in a rapidly growing community.
      Preston Rd, Frisco, TX 75033
      View Details
    • Contact for pricing
      18,182 SF

      Frisco Warehouse with HVAC

      18,182 SF Frisco warehouse space for sublease.
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      View Details
    • Contact for pricing
      22,327 SF

      Frisco Office Space Available Soon

      Office space in Frisco, available June 1, 2024.
      11000 Frisco St, Frisco, TX 75033
      View Details
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    Frisco, TX 75033
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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